Vivek Joshi, Secretary to the Department of Financial Services, Ministry of Finance said in an interaction with ANI that the intention of the extension is to incentivize those to were quick in repaying the earliar loans.
Ajay Seth, Secretary at Department of Economic Affairs under Ministry of Finance said fiscal consolidation by way of gliding down on fiscal deficit path is being done while meeting all essential expenditure.
The industry leaders said that the continued capital expenditure-led growth, like spending on infrastructure, and housing will spur growth. The industry leaders further added that the budget also provides some degree of demand stimulus by giving certain tax reliefs, particularly the middle c
According to a press release by the Ministry of Finance, India's inflation remains low and stable, progressing towards the 4 per cent target, with core inflation (excluding food and fuel) at 3.1 per cent. Measures are being taken to ensure adequate market supply of perishable goods.
Finance Minister Nirmala Sitharaman presented her record seventh consecutive Union Budget 2024-25 today (on July 23) during the Budget Session of Parliament.
Union Home Minister Amit Shah praised the first Budget of the Modi 3.0 government that was presented by Finance Minister Nirmala Sitharaman on Tuesday, saying that the pro-people and pro-development visionary Budget 2024-25 fuels the nation's pace in emerging as a developed nation.
In 2023, in a stellar display of prowess, India soared to new heights with the successful soft landing of Chandrayaan-3 on the South Pole of the Moon and the successful launch of Aditya-L1, India's first solar mission.
"A new sunrise for Andhra Pradesh I am extremely delighted and grateful for the Union Finance Minister's announcements today in the Budget. These will go a long way towards helping AP achieve its development and social objectives," Lokesh said in a post on 'X'.
The meeting culminated in the adoption of the G20 Ministerial Call to Action, underscoring commitments to strengthen drinking water, sanitation, and hygiene (WASH) services worldwide.
As Union Finance Minister Nirmala Sitharaman is set to present the first budget of the NDA 3.0 government on Tuesday, Congress MP Pramod Tiwari expects the focus of the budget to be on unemployment, inflation, and further rebates in income tax slabs for the middle class, among others.